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ICICI Bank reduces base rate to 9.70% p.a.

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Capital Market

With effect from 26 June 2015

ICICI Bank has announced a reduction of 0.05% in the ICICI Bank Base Rate (I-Base) with effect from 26 June 2015. The revised rate will be 9.70% p.a. as against 9.75% p.a. at present. With effect from 01 July 2010, interest rates on new loans and advances, including consumer loans, are determined with reference to I-Base.

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First Published: Jun 25 2015 | 4:16 PM IST

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